As the market tumbles and recession risks rise, it's time to start playing defense and buying stocks that are poised to outperform in the later innings of the U.S. market cycle, according to Wolfe Research. That includes the final retrenchment phase when the economy is in a recession, analyst Chris Senyek wrote in a note Wednesday. Investors appear to be anticipating a recession is near , according to several market signals.
The cell phone network's estimated 2023 price to earnings ratio is 7.6x, while its enterprise value to its estimated 2023 earnings before interest, taxes, depreciation and amortization is 6.2x. In January, AT & T reported fourth-quarter subscriber growth that beat Wall Street's expectations. The company is also exploring the sale of its cybersecurity division as part of its efforts to pay down debt, Reuters reported in February.
But I thought we weren’t in recession lmao